Will pension age change to 75? & potentially 65 earliest access to any pension...if tories stay in!

Novice_investor101

I'm 37 and have been planning on the SP age being 70 before I can get to it - if it's lower, then bonus! My aimed for retirement age is 60.
I have a DB pension payable from age 65, a personal DC pension through my work (max employer contribution being paid in), a S/S isa and LISA both of which I contribute to every month and a Share Save scheme where I buy one and get two free.
Hopefully, all these will provide enough flexibility that no matter what changes are made in future I will be able to choose when I give up work and stick to my target of age 60 - or earlier if I want to.

FIRSTTIMER

Same. I plan to quit at 60 and use old pension and LISA to fund 60-65, civil pension at 65 (I paid for 3 year buy out) then SP as and when I die clearly.

Dox

Why would anyone here know any better than you?

FIRSTTIMER

I was thinking Boris Johnson was reading?

Barny1979

FIRSTTIMER wrote: »

Thoughts on this, I am certainly not happy if this does happen in the future!

How old are you?

zagfles

FIRSTTIMER wrote: »

Thoughts on this, I am certainly not happy if this does happen in the future!

Thoughts on what? Some scare story being propagated by simpletons on tw*tter again? Or do you have any actual evidence this is being seriously considered by the Tories? If so post the URL.

kangoora

Some moron think tank document suggested raising pension age to 75.

It completely misses the fact that if a government ever did that (especially without notice) they wouldn't be in power again for a generation, The grey vote would see them record the lowest ever vote for a major party in an election. All the opposition party would have to do is say at the next general election "we are going to reduce the SP age back to 68" and they'd win by a landslide of epic proportions. You'd see 10k+ majorities in districts going to the other party.

In every election after that, the opposition party would just have to say "If you vote that lot in they are going to raise the SP age to 80" and they'd be believed so no forming a government for whoever introduces it for about 20-30 years.

Apart from that - well, yes, I'm quivering in my portfolio at the thought of pension age being raised to 75

I could see a rise to 70 happening but it would have to be phased in over a very long time after the rises in SP age over recent years.

zagfles

kangoora wrote: »

Some moron think tank document suggested raising pension age to 75.

So, not the Tories then.

It completely misses the fact that if a government ever did that (especially without notice) they wouldn't be in power again for a generation, The grey vote would see them record the lowest ever vote for a major party in an election. All the opposition party would have to do is say at the next general election "we are going to reduce the SP age back to 68" and they'd win by a landslide of epic proportions. You'd see 10k+ majorities in districts going to the other party.

Yup. So if you don't like a particular party, spread rumours and fake news that they're planning to do this, and even if a small % of people are gullible enough to believe you it'll cost them votes.

Second thread at least we've had here implying it's Tory policy.

Paul_Herring

Second thread at least we've had here implying it's Tory policy.

While unwarranted, the Centre for Social Justice (LOL at the name, given the context) do have strong links to them. IDS e.g.

Thrugelmir

Paul_Herring wrote: »

While unwarranted, the Centre for Social Justice (LOL at the name, given the context) do have strong links to them. IDS e.g.

Perhaps there would be a meaningful discussion if a selective quote was actually put into context.

No doubt the OP has read the full report?